Eastman Increases Quarterly Cash Dividend From $0.79 To $0.81 Per Share
Portfolio Pulse from Benzinga Newsdesk
Eastman Chemical Company (NYSE:EMN) has announced an increase in its quarterly cash dividend from $0.79 to $0.81 per share, marking the 14th consecutive year of dividend increases. The new dividend will be payable on January 5, 2024, to shareholders of record as of December 18, 2023. The company's executive vice president and CFO, Willie McLain, expressed confidence in Eastman's earnings and cash flow generation.
December 06, 2023 | 9:35 pm
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Eastman Chemical Company has raised its quarterly dividend to $0.81 per share, demonstrating a strong commitment to shareholder returns and confidence in its financial performance.
Dividend increases are typically viewed positively by the market as they signal a company's confidence in its financial stability and commitment to returning value to shareholders. The increase in Eastman's dividend for the 14th consecutive year may be seen as a strong indicator of the company's consistent performance and could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100